Home/Money/ Amazon becomes second United States company to be worth US$1 trillion

Amazon becomes second United States company to be worth US$1 trillion

Javier Moore |Wednesday, September 05, 2018

Amazon's effect on local economies

The Seattle-based company has secured their customers loyalty through smart devices like Alexa and the Prime membership - a service that offers free next day deliver as well as music and video streaming perks.

The company's stock, as reported by CNBC, cruised past $2,050.27 per share, which was the bare minimum valuation Amazon needed to achieve a $1 trillion market cap.

Apple took nearly 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years.

Apple Inc. may have gotten there first, but Amazon.com's rapid ascent to a $1 trillion market value should put the iPhone maker on notice that its days as the world's most valuable company are numbered.

Kyl To Replace McCain In Senate
John McCain was a legitimate war hero whose story as a prisoner of war in No. Bush said during his eulogy to McCain. "John loved the Senate", Graham said.

Amazon touched a market value of $1 trillion Tuesday, becoming just the second publicly traded company to reach the milestone.

Inc on September 4 joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months. Most notable was the speed with which Amazon hit the milestone, with its shares having more than tripled in the past three years. It first reached $100 on October 23, 2009. Apple's valuation has risen to $1.1 trillion since it first passed the threshold.

Here's the breakdown of how Morgan Stanley - one of the stock's most bullish sell-side shops - sees Amazon's five main units in terms of value.

'The company continues to experiment with new products and push into new geographies. Although it is well established in the United States and United Kingdom, it has huge scope to grow in the rest of Europe and Asia, especially India.

Popular news

Why it is still too early to write off Roger Federer
Osaka will next face Lesia Tsurenko, the 36th-ranked Ukrainian who beat Czech teenager Marketa Vondrousova 6-7 (3/7), 7-5, 6-2. Keys punched her ticket to the quarterfinals with a dominant 6-1, 6-3 victory over No. 35 seed Dominika Cibulkova of Slovakia.

Federer breezes through as Kyrgios frustrates again
Tennis Association President Katrina Adams announced the monument Saturday with Eric Goulder, who will build the sculpture. I knew how important that first set was". "It was a 'Serena scream.' I don't try to do it".

Colton Underwood is the next Bachelor 2019
He thanked her for her friendship, noting that he knew it would continue beyond the time they had in Mexico. Underwood was previously featured on Season 14 of The Bachelorette , starring Becca Kufrin .

Vice President Pence heads to Vermont for the weekend
At that point during his remarks, Meghan McCain's eyes appeared to snap on Pence, in a move some users identified as "side-eye". Pence, speaking last, praised McCain as an "American patriot" who "served a cause greater than himself".

Nike stock falls after Colin Kaepernick ad
The company faced backlash Monday night after announcing Kaepernick as the face of their "Just Do It" campaign . "Former marine. If Nike's move pays off or not, Kaepernick will be bringing in a good amount of dough without strapping those pads on.

Amazon is now a $1 trillion company
He said: "Amazon has now become the second company to reach a trillion dollar valuation, following Apple in August this year". The company's blowout success has made its founder and CEO, Jeff Bezos, No. 1 on Forbes's billionaires list this year.

Roger Federer exits US Open, denied Djokovic match-up
And I've seen that flippant tweet more times than I care to remember as he went on to win another three Grand Slam titles. While not playing at his best in the first two sets, all still looked well for Federer when he led by a set and 5-4.